25 Best Dividend Stocks to Buy According to Billionaires

7. NextEra Energy, Inc. (NYSE:NEE)

Number of Billionaire Investors: 17

Dividend Yield as of March 3: 3.20%

NextEra Energy, Inc. (NYSE:NEE) is a Florida-based renewable energy company that generates, transmits, and sells electricity. The company primarily operates as a regulated utility, offering a stable and predictable revenue base. Its Florida-based utility business holds a monopoly in the areas it serves, though any plans for capital investments or rate changes must first receive regulatory approval.

In addition to its utility operations, NextEra Energy, Inc. (NYSE:NEE)’s clean energy segment generates steady cash flow through long-term contracts. With rising demand for renewable energy, the company is aggressively expanding this division. Management aims to increase its renewable energy capacity to 46.5 gigawatts by 2027, up from the current 36 gigawatts—a move that could nearly double the business over the next few years.

On February 14, NextEra Energy, Inc. (NYSE:NEE) announced a 14% increase in its quarterly dividend, raising it to $0.5665 per share. This marks the company’s 29th consecutive year of dividend growth. Strong cash flow supports these payouts, with NextEra generating over $13.2 billion in operating cash flow during fiscal 2024. Looking ahead, the company plans to grow its dividend per share by around 10% annually through at least 2026, using its 2024 payout as a benchmark. As of March 3, the stock has a dividend yield of 3.20%.